Hindalco Industries reports 71% increase in consolidated PAT for Q3 FY2024

Hindalco Industries reports 71% increase in consolidated PAT for Q3 FY2024

In a striking display of resilience and strategic foresight, Hindalco Industries Limited, the metals flagship of the Aditya Birla Group, unveiled its consolidated third-quarter financial results for the fiscal year 2024. The Mumbai-based conglomerate reported a substantial 71% year-on-year increase in its Consolidated Profit After Tax (PAT), reaching ₹2,331 crore, underpinned by robust performance across […]

Hindalco to acquire Norsk Hydro’s Kuppam aluminium extrusion plant

Hindalco to acquire Norsk Hydro’s Kuppam aluminium extrusion plant

Hindalco Industries Limited has agreed to acquire the aluminium extrusion operations of Norwegian aluminium and renewable energy company Norsk Hydro in Kuppam, Andhra Pradesh, India for $33 million. The deal includes the sale of Kuppam aluminium extrusion plant that employs nearly 245 direct employees and approximately 224 contract employees. Erik Fossum — Norsk Hydro SVP […]